2 years ago

State the process of accouting??

1 answer:

5 0

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

There are three steps in the accounting process those are Identification, Recording and Communicating.

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Answer:

166.67%

Explanation:

The computation of the percentage increase in grain production for the period 1950-1955 is shown below:

= (Year 1995 grain production - Year 1950 grain production) ÷ ( Year 1950 grain production)

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= 1,000 million tons ÷ 600 million tons

= 166.67%

Hence the increase in percentage is 166.67%

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State the process of accouting??​

State the process of accouting??